The Young Turks - Stop The Steal

Episode Date: February 11, 2025

Trump OPENLY Plots DISASTROUS Land Theft in Gaza. Trump Admin Clears the Way for Banks to RIP OFF Americans. To Pay for Tax Cuts, House GOP Floats Plan to Slash Benefits for the Poor and Working Class. Hosts: Ana Kasparian & Cenk Uygur SUBSCRIBE on YOUTUBE ☞ https://www.youtube.com/@TheYoungTurks FOLLOW US ON: FACEBOOK ☞ https://www.facebook.com/theyoungturks TWITTER ☞ https://twitter.com/TheYoungTurks INSTAGRAM ☞ https://www.instagram.com/theyoungturks TIKTOK ☞ https://www.tiktok.com/@theyoungturks 👕MERCH ☞ https:/www.shoptyt.com Learn more about your ad choices. Visit megaphone.fm/adchoices

You're listening to The Young Turks, the online news show. Make sure to follow and rate our show with not one, not two, not three, not four, but five stars. You're awesome. Thank you. You know, Welcome to the Young Turks, Jane Cougar, Anna Kasparian with you guys. Is my apparently buoyant mood related to the news? No. No, the news is quite the dozy. It is quite a disaster. So we're going to go from one nightmare to another to another. But we're going to do it together. And we're going to try to keep our nerve. Try not to, you know, get too worried and figure out how to fight back.

Okay, so lots of different strategies, lots of different things we can do. So stay in there, guys. But now without further ado, bad news. Well, before I get to all the stories, this is going to be a through line that I think everyone should be considerate of. Because while Donald Trump's approval rating is actually doing pretty well, Elon Musk's approval rating is tanking. And I think that has to do with a lot of the stories we're going to cover on today's show.

But before we get to some of the domestic policy, we should focus a little bit on what Trump has been saying and potentially doing in regard to Israel, the ceasefire, which has now fallen apart, and what he plans to do with Gaza. In the meantime, I would own this. Think of it as a real estate development for the future. It would be a beautiful piece of land. Would the Palestinians have no big money spent? No, they wouldn't because they're going to have much. better housing. President Donald Trump not only intends to ethnically cleanse the Gaza strip of Palestinians and then proceed to steal their land for a big, beautiful, real estate development. He will even prevent the nearly 2 million Palestinians from ever being able to return to the territory that belongs to them.

Now, that's what he emphasized during his interview with Brett Bear on Fox News. We got a little teaser of it. The full interview will be airing tonight. But just to be clear, this is what Trump said verbatim, asked if Palestinians who would be removed from the territory while it is cleared would have the right to eventually return to their homeland. He said, no, they wouldn't because they're going to have much better housing. In other words, I'm talking about building a permanent place for them, meaning I'm going

to push them out to other Arab majority countries and whatever. Yeah, so in a little bit we're going to tell you about why he keeps saying that we're going to own Gaza. So obviously that's absurd, but there's a reason why he's saying it. And then most importantly, we're going to find out at some point, how is Magar going to react to this? Are they okay with this? Are they celebrating this? Or do they hate this? Super interesting in all directions. Well, here is Trump's statements in more context. We'll build beautiful communities for the 1.9 million people. We'll build beautiful communities, safe communities.

Could be five, six, could be two, but we'll build safe communities a little bit away from where they are, where all of this danger is. In the meantime, I would own this. Think of it as a real estate development for the future. It would be a beautiful piece of land. Would the Palestinians have the right to return? No, they wouldn't because they're going to have much better housing. much better. In other words, I'm talking about building a permanent place for them, because

if they have to return now, it'll be years before you could ever, it's not habitable. It will be years before it could happen. I'm talking about starting to build. And I think I could make a deal with Jordan. I think I could make a deal with Egypt. You know, we give them billions and billions of dollars a year. Egypt and Jordan, along with Saudi Arabia, have flatly rejected this idea. So the idea that Trump is going to build beautiful permanent housing for them in these countries is laughable. There is no plan to do that. And these countries do not subscribe to this idea at all. Now he took questions on this matter while he was on Air Force One yesterday. And so let's hear

what he had to say about the same issue. Let's see if there was any difference in his plan in moving forward with what's going to happen in Gaza and the Palestinian people. Take a look. committed to buying and owning Gaza. As far as us rebuilding it, we may give it to other states in the Middle East to build sections of it. Other people may do it through our auspices, but we're committed to owning it, taking it, and making sure that Hamas says it moved back, there's nothing to move back into it. The place is a demolition site. It'll be the remainder will be demolished.

Everything's demolished. I mean, you can't live in those buildings right now. They're very unsight. Who exactly would he be buying Gaza from? The Palestinian people, no. And by the way, if you're fooled by Trump claiming that the United States is going to own Gaza, that is not what the Israelis think. The Israelis are elated because they believe that the United States is going to do Israel's dirty work, essentially ethnically

cleanse the Palestinian people from the territory that they own, and then clean it up, detonate the bombs that haven't exploded yet, build up the territory, and then allow Israeli settlers to come in and do as they please. That is what they are under the impression they're going to get. Yeah, so he says they're going to get much better housing. How? No such housing exists now. He says, well, it's going to take a long time to rebuild Gaza. Well, wouldn't it take a long time to build beautiful housing for them in the middle of the Sinai Desert, which is where they're planning to push them if they get their way or in the middle of Jordan. No such housing exists. Absolutely no infrastructure exists in places where they would be ethnically cleansed.

Look, if you're right wing and you're not understanding like, hey, why do you guys keep calling it ethnic cleansing? What do you mean? When people are moved out of where they normally live, that is very literally the definition of ethnic cleansing. So that's happened many times throughout history and all of them have terrible names like Trail of Tears, Baton Death March, Armenian Genocide, etc. So Trump makes it sound like, oh, we're moving to a nicer apartment complex. No, those folks are not going to want to leave their land. Even if an Arab country said, okay, Trump and Israel bribed us enough, we'll take them in, you would have to slaughter them on the way. As happens,

in every death march because they're not going to say, oh, yeah, go ahead and steal our land. No fight back at all. And again, I always ask you guys, if you live in America and you can't relate to the Palestinians for some reason, what would you do if they moved you out of your home and so you don't live here anymore? We're going to build a new place in the desert for you. Get the hell out of here. My guess is, I know Americans, they'd fight back.

So they're going to fight back. Trump says, no, we're not going to put any boots on the ground. We're going to move them magically without them fighting back. I don't know if it's whether we or we pay Israel to do it, but there's a giant bill coming, right? Israel is, I mean, and to Anna's point, who are we buying it from? Probably buy it from Israel, so then we give Israel more money after we gave them to the money to destroy Gaza in the first place, money to do ethnic cleansing of the Palestinians, money to buy it from, we're not going to buy it, what is it going to be the 51st state?

No one in their right line believes is absolute lunacy. So why is he talking about owning it? There's a real reason so that he can trick some portions of MAGA into thinking, oh no, no, no, that's okay. After we pay for the reconstruction, because that's what's gonna happen, and after we pay for the ethnic cleansing, I mean, obviously we're gonna have to give Israel $20 billion, 100 billion, some sort of gigantic sum for that. Yeah, so not only money.

After we do that, we're going to own a wink, that's the trick. We're not gonna own it. Come on, man, please don't tell me you're that foolish that you believe that. All you have to do is pay attention to what Prime Minister Netanyahu is saying, what the Israeli government is saying. So let's get to that because during a government meeting in Israel on Sunday, Netanyahu praised Trump and said, there are opportunities for possibilities that I think we never dreamed of.

Or at least a few months ago, they did not seem possible, but they are possible. President Trump came with a completely different vision. Much better for the state of Israel, a revolutionary and creative vision, which we are discussing, he is very determined to carry it out. Do you think that the Israeli people and the far right members of the Israeli government, who can't even stand Christians in the West Bank, are going to be cool with America owning the Gaza Strip? I mean, they've tried to do land grabs in Syria, in Lebanon, please, please.

The Israeli government is not under the impression at all that Donald Trump is looking to take over that territory on behalf of the American people. And by the way, Jank laid out how much money, U.S. taxpayer money is going to be utilized to do this, right? It's not just the money. We're going to pay for this in the form of blood of American soldiers because that's who we're going to be sending over there as this ethnic cleansing is carried out. And I want us to talk about how too, because guys, look, they do these tricks like, oh, we'll own it later, wink after you give Israel a couple hundred billion dollars, et cetera. So, but they're not going to send in troops now. So he says, oh, we're going to own it.

And it sounds any, and the reason I mentioned the bombs is because he said, we're going to clean up the unexploded bombs for Israel. And that's where MAGA went crazy. So I'm going to get to more of their reaction in a minute. But at that point, they were like, wait, we're doing grounds, ground troops, and we're going to blow up instead of the Israelis with those bombs? No, no, no, no. So then Caroline Levitt came out and said, oh, no, no, no, no, no boots on the ground. They'll magically levitate. So, but the reason why they won't send them in the beginning is because MAGA itself would object.

So they're going to go in and wait to get attacked. They'll send in some advisors, et cetera, and they'll make sure the three, four, eight Americans die in Gaza. Then they'll go, you see this savage Palestinian monster terrorist, blah, blah, blah, blah, blah. We have to send in 80 more, 800 more on. Now they got killed. Okay, now we have to send in the entire US military. How dare they mess with us? We're to kill the Palestinians or we're to slaughter them and move them into the desert, etc. And that's how this game is played. So those are the things that are going to happen. Again, the question is, does MAGA at any point go, wait, we're being played. This is exactly the pro-war neocon agenda we thought we voted against.

In fact, Donald Trump's repeated statements on this has now led to the dismantling of the ceasefire deal and hostage negotiation or hostage release by Hamas. We're going to get to the details on that in just a minute. But first, I want to provide a voice to the Arab nations who are weighing in on this because they fully reject what Donald Trump is proposing here. A group of Arab nations, including Egypt, Jordan, and Saudi Arabia put out a joint statement arguing that what Donald Trump is planning is not doing. and they are not in favor of it. Because think about it. We're talking about nearly two million Palestinians. They would be if they survive the ethnic cleansing.

They would be made refugees that would be absorbed by the hundreds of thousands to millions in these Arab countries, right? And they're like, we don't want to do that. So in a statement or the statement did not refer to Trump's comments explicitly, but warned that any plan that encouraged the transfer or uprooting of Palestinians from their land, would threaten stability in the region and undermine the chances of peace and coexistence among its people. Millions of Palestinian refugees, by the way, are already living in camps in Jordan, Syria, and Lebanon. While others are living in Egypt and the United Arab Emirates,

Egypt has also allowed more than 100,000 Ghazans to cross into its territory since the war began in October of 2023. So the UAE, Qatar, the Palestinian Authority, and the Secretary General of the Arab League also signed onto this statement. The office of President Abdel Fatah al-Sisi, who is the head or the leader of Egypt, said he and Trump had a conversation last Saturday. And while they did talk about the ceasefire deal between Israel and Hamas, he claims that they did not mention anything about Palestinians being pushed out of Gaza.

And Saudi Arabia's leader, crown prince Mohammed bin Salman, has said his country will not establish diplomatic relations with Israel without a Palestinian state. So Trump likes to tout the Abraham Accords, according to Saudi Arabia, Abraham Accords ain't going nowhere if there's a plan to push Palestinians out of the Gaza Strip and if there is a resistance to forming a Palestinian state. Let's move on to how this is how this has impacted the ceasefire deal and the hostage release. The negotiations on phase two are supposed to start last week.

They still haven't started. So I think Israeli officials, including Prime Minister Netanyahu and his top age, who are meeting now in Jerusalem, are trying to figure out whether it's a tactical thing or something which is much more strategic. I think that it's a big mistake to allow people, the Palestinians, or the people living in Gaza, to go back yet another time. And we don't want Hamas going back. How do those comments have an impact on the situation right now? and how could they shape the second phase of the ceasefire deal? So they definitely have an impact. They certainly do, as you heard from Axios reporter Barack Ravid.

The ceasefire deal between Hamas and the Israeli government has now broken down as a result of Donald Trump's statements about ethnically cleansing the Gaza Strip. Now, Hamas has put out a statement. They have said basically that, It would delay until further notice the release of three Israeli hostages set for Saturday, set to be released on Saturday, the first major setback for the ceasefire and hostage release deal. In a statement, Hamas said it had announced the delay five days ahead of the expected release to leave time for negotiations. Now, Hamas cited recent Israeli shelling and gunfire in Gaza, along with an insufficient flow of aid in a statement announcing the move. But as you heard from Ravid, the statements from Donald Trump have played a role, has made

an impact, and Trump doesn't like ever suffering consequences for anything he does wrong. And so he has put out another statement. Ravid writes on X that Trump says that if all hostages in Gaza are not released by 12 p.m. on Saturday, the ceasefire should be canceled and let all hell break loose. So this is exactly what we told you. So why did I vote against Trump? A lot of folks were like, oh, well Kamala Harris and Joe Biden are terrible on Gaza. They are. They funded the genocide. They didn't move Israel 1% on anything, and they were gonna do exactly what their donors ordered him to. But I said Trump would be worse, why? Because he got a record breaking $337 million from just one family, the Edelson's.

And they made him give them promises. And some of the promises were let Israel slaughter the Palestinians, any way they like, never interfere, never object, and of course you have to pay for it. You have to make America pay for it. So we're not giving you all these bribes. I mean campaign contributions for our health, we're doing it to buy American foreign policy. And they have. So that's why now he says absurd things like, okay, we have to, they don't give the hostages back by 12.

What we're gonna do is more war. Wait, I thought you ran on anti-war. No, he's saying no, we're gonna just, we're gonna murder more Palestine. create a bigger conflict, see if we can make it bigger and bigger and bigger and start another giant war in the Middle East. Because why? Because you're a neocon. So the reality is of course Trump doesn't care about neocon ideology or anti-war ideology.

He has no ideology at all. So this is a battle between his donors and potentially his base. So one of our members, Trisha Briggs wrote in on super chat, Jenk, who cares what they think? Referring to Maga, I'm begging you, as a longtime member and fan, there's no breaks in this car. But Tricia, that's why we're asking to see if there's any way to put a break in there. Because here's who Trump's not going to listen to, the left. Here's another thing that Trump's not going to listen to, mainstream media. So we can go into streets and mainstream media can say how terrible he is.

And we can say how terrible he is. And it's not going to affect him 1%. If we do that strategy, those Palestinians will definitely get slaughtered. And then we will be paying 20, 40, 80, unlimited billions of dollars to Israel to murder those poor people and literally now steal their land, just as we told you they were going to. What is the only potential break in the car? Whether we like it or not, it's MAGA. Because MAGA also is anti-war. I know no one believes me.

And we're going to all find that together. So if I'm wrong, MAGA is going to say a new war, we love it. Giving Israel more money, we love it. There are special ally. And if they do guys, come back and say, Jake, you know, you, I can't believe it. There was no pushback at all, you were totally wrong. Maga loves funding Israel. They love slaughtering, etc.

Okay, maybe. But that's our only hope. I'm being honest. Yeah. You could pretend there's another hope, but there isn't. What is Trump going to do? Listen to the world community over his donors. Yeah.

The only thing he will ever listen to, potentially maybe, potentially maybe over his donors is his base, period. That's literally the only, and by the way, I don't even have it at 50-50 at this point. I mean, he has very clearly opted to side with the pro corporate tech side of things as opposed to the populist side of things. So Steve Bannon, he represents the more populist wing of MAGA. He's out, he's out. Elon Musk won. Elon Musk is the antithesis of populism.

And so I don't have a lot of hope, to be honest with you. I'm just keeping it real. But let me give you some more details about what's happening in regard to the breakdown of this ceasefire deal. So let's hear more from Barack Ravid. He was on CNN explaining what he has learned from his sources. Take a look. There are some Israeli officials who are involved in the negotiations that think that this is also a signal by Hamas. that they, you know, that they, it's their way to push back on Trump's recent comments

about moving Palestinians out of Gaza and also a signal by Hamas that if Netanyahu is not going to seriously negotiate on the phase of the second phase of the deal, then maybe not in the maybe phase one will not be implemented in its entirety and not all the hostages in phase one will be released. So there's certainly indication that it's not just Hamas that has essentially backed out of this ceasefire deal. There was already indication that Benjamin Netanyahu had no intention with following through on the second phase of the deal or even the rest of the first phase.

And if you don't believe me, you should know what the hostages family members have been protesting about and what they've been saying. Take a look at that. We see the pictures coming from Tel Aviv. You have families, you have supporters of the families taking to the streets. Barack, what is the domestic pressure on Netanyahu in this? And how is that being perceived by Netanyahu and those close to him? I think the pressure has been increasing quite dramatically since the hostages started coming out.

And especially after last Saturday, when the last three hostages were released came out in a very, very bad physical condition. It created a wave of pressure on the government, both in, you know, demonstrations on the streets and both by statements by families of hostages were released and families of hostages were still in Hamas captivity. And I think the number one issue you hear from hostage families is deep concern that both Netanyahu, or a deep concern that Netanyahu managed to convince President Trump that phase two of the deal is not that important and that the resumption of the war is more crucial at the moment. I think that those fears are entirely legitimate when the ceasefire deal was decided upon.

I didn't believe for a second that Netanyahu specifically was going to follow through on it because he wants that land. I think that's been pretty clear. And they've already, even before Trump got elected, they were already making plans to build illegal settlements in in Gaza. Okay, those facts don't just magically disappear and go away. But, you know, look, it's so obvious to me that Netanyahu persuaded Donald Trump to sour on the ceasefire deal, because over the weekend, Trump put out some statements about how emaciated the Israeli hostages looked when they were being returned by Hamas. Yeah, they did, they did look emaciated. It turns out that when you refuse to allow humanitarian aid into the Gaza Strip as this war is ongoing,

and as you continue bombarding it with 2,000 pound bombs, it's not just slaughtering Palestinians. It's not just starving Palestinians to death. The hostages are also in the Gaza Strip. Obviously they're going to be impacted by that blockade of humanitarian aid. I mean, look at the absurdity of the Israeli reaction, which is, can you believe that as we were starving the Palestinians, some of our hostages were also starving? Well, they should, they're Israelis that they not know that their lives are worth 10,000 Palestinian lives. They should have been super well fed while the Palestinian babies are starving to death. What kind of lunatic thinks that that was a realistic

possibility? Yeah. So I feel terrible for those hostages. We got to get those hostages home. The way to get them home is a peace deal, not a fake ceasefire like this one. So he says, you know, If Netanyahu might value Ravid the reporter there, resumption of the war more than he values those hostages. 100%. But wait, I want to be clear, there is no war here. All of Hamas's leaders are dead. And Hamas is doing almost nothing at this point. So it would be a resumption of the genocide and the wholesale slaughter of Palestinians.

There are almost no legitimate military targets left in Gaza. It's almost utterly destroyed. Trump says, hey, you can't live there because the whole thing is destroyed. By the way, side note, we will live there. You can't live there because we destroyed your homes, but we'll be building homes for Israelis now, and they can live there. But meanwhile, even though the whole place is destroyed, we have to resume the war. There's no war.

All there is is the most gross ethnic cleansing genocide, starvation, disgusting slaughter that I have ever seen. So we're all seeing it with our own eyes. Finally, they asked, did the administration have a plan when Trump, out of the blue, seemingly out of the blue, announced that we were going to own Gaza. And of course, when asked that, the people inside the administration say, no, of course there was no plan, because Trump made it up after Netanyahu talked to him. And Netanyahu reminded him who the goddamn boss is and how he'd like to be, if he allows him,

He'll let America be second. And then he walked him around the Oval Office probably on a leash. And then Trump sat him down like a freaking waiter. Literally pulled the chair for him. Yeah. Yeah. So, and of course, the Netanyahu reaction, as Anna read earlier in the show, was he was elated. He's like, this is even better than we imagine.

We're going to get these sucker Americans to finance the entire slaughter, green light it, pay for it. We might even get them to do it instead of our risky any precious, precious Israeli lives, which are, by the way, also worth 10,000 American lives. No life is as precious on this planet as an Israeli life. And so we all have to pay for everything, for everyone around them to be killed to protect them. No, to steal land. By the way, every Israeli defender who said they wouldn't go to Gaza to steal the land? Okay, I want confessions, I want apologies, how wrong.

you were. Of course they were going to steal the land. Of course that was the whole point. And by the way, let's remember on October 7th, they knew that Hamas was planning to do it. We'd have that from Israeli sources, indisputable, and chose to do nothing about it, because they thought, oh, it's probably not real, really? Or maybe they use it as an excuse to slaughter the Palestinians and steal their land, exactly as we said at the very beginning. I mean, look, the people that were making those arguments, oh no, that's not going to happen, they knew. I'm not going to believe for a second, they didn't know it was the plan all along.

It was the most obvious thing in the world. No, Anna, the only thing I'll disagree with is the people in government certainly knew. The Israeli right wing knew, but a lot of folks who support Israel are so blinded by their bias. They just genuinely believe that, well, Israel by definition, is an angel, the most moral thing on the planet. Right. So they really diluted themselves into thinking, we're not going to steal their land. Right.

No, this is about defense. We're tiny little David. We're such a tiny minuscule thing. I mean, we crushed the living hell out of everyone in Gaza. We destroyed almost all their buildings and slaughtered them endlessly. But we're still the victims. But they do believe that. They definitely believe that.

It's genuine. And right now, anybody watching this that's of that point of view is livid with me thinking, don't you know October 7th was so much more important? Why? Why? their Israeli lives. You killed 60 times the number of Palestinians, but those lives are irrelevant. There's a terrorist, everyone who says that is a full blown, like way worse than any

right winger you've ever accused of this. Racist, who says who cares if we kill 60 of their children for one of ours? Because our lives are more important and more valuable. That is by definition, disgusting racism. When we come back, we'll talk about how the Trump administration is dismantling one of the most important government agencies that seeks to protect American consumers from banks defrauding them, scamming them, and ripping them off. We'll be right back. Back on the Young Turks, Jank and Anna with you guys. Fat Satter, thank you for gifting 10 memberships on YouTube.

We appreciate it to Anna. All right. Let's talk about the Consumer Financial Protection Bureau, one of the few government agencies that's actually doing super valuable work on behalf of ordinary Americans. So the Trump administration has begun dismantling the Consumer Financial Protection Bureau, which prevents Americans from getting scammed, defrauded, and ripped off by big banks, payday lenders, and other financial institutions. It's a pretty important government agency and it's returned $21 billion to Americans

who are essentially stolen from by these financial institutions. So we're going to get to who's behind the, I don't know if it's going to be temporary, I don't know what the end result is going to be, but the at least temporary shuddering, of the CFPB in just a moment, but Jank. Yes, so the question in this story is, is it populace to shut down a government organization or is it the opposite of populism to take away police from Wall Street? So let's find out. All right, well, Trump appointed someone by the name of Russell Vote as the Consumer

Financial Protection Bureau's acting director. He was also confirmed by the Senate to serve as the head of the office of management and budget. Now, as soon as he was in a position of power, he started targeting the government agency that actually returns money to Americans who have been screwed over. So on Saturday, vote ordered the CFPBs, 1,700 employees to stop nearly all their work and announced plans to cut off the agency's funding. Then on Sunday, he closed the bureau's headquarters for the coming week. Workers who tried to retrieve their laptops from the office were turned away according to employees.

So vote also said that he intended to essentially cut off the Consumer Bureau's funding, which comes directly from the Federal Reserve, okay? So the Federal Reserve gives them honestly a small amount of money, relatively speaking, and then they use that money to investigate financial institutions that are accused of screwing over, ripping off, defrauding Americans. If they are found guilty of doing so, those banks, Those banks and financial institutions have to refund the Americans that they ripped off. That's the whole point of the Consumer Financial Protection Bureau, which was established back in 2011 after the 2008 economic collapse,

in which banks knowingly doled out toxic predatory mortgages, then they bundled up those mortgages as securities to be traded on the stock market. And guess what? They bet against those securities because they knew they were chock full of top. toxic loans. That is what crashed the global economy as the banks got super rich off of it. Okay, so I just wanted to give you that background. But it doesn't cost that much to protect Americans from these financial institutions. The agency's budget for 2025 fiscal year calls for around $800 million in annual spending and the Fed transferred $242 million to the Bureau in January to fulfill its latest request. And again, that money is meant to help them investigate. you know, these financial crimes against American citizens.

So what was Russell votes reasoning for doing what he's currently doing with the CFPB? Well, complete utter bull crap. And I mean that. So today the White House's office, or I should say the White House's official rapid response 42x account accused the agency of being woke. Okay, let's read that. the Consumer Financial Protection Bureau, the brainchild of Elizabeth Warren. Actually, it is the brainchild of Elizabeth Warren. It was a great idea. She fought tooth and nail to establish it, and it's one of the best

things she's done in her career. But anyway, has long functioned as another woke weaponized arm of the bureaucracy that leverages its power against certain industries and individuals disfavored by so-called elites. No, okay. It specifically goes after Wall Street elites looking to screw over ordinary Americans to charge them junk fees, to charge them exorbitant overdraft fees. The CFPB has essentially stepped in and protected Americans from that Wall Street behavior and those greedy actions that they've been taking. So I've got more details in just a minute, but just to give you a little bit of what they've done so far in the relatively short period of time that the CFPB has been around. Remember, it was established in 2011.

It has clawed back $21 billion for consumers. It slashed overdraft fees, reformed the student loan servicing market, transformed mortgage lending rule so they can no longer, you know, dole out those predatory loans, and forced banks and money transmitters to compensate fraud victims. Now the tech industry, not real happy with the CFPB, because there's this whole emerging industry known as fintech. So financial technology, things like Robin Hood, financial institutions that act like banks but don't want to be considered banks and don't want to deal with the same regulations. So this is a huge problem because they want to ensure that there's no cop

on the beat, especially at a time when crypto is ascendant due to the lack of regulation dealing with it. Yeah. So $21 billion came back to us because the bankers were caught. If they didn't do it, there's no way they're sending you a dollar back. Right. So do you want $21 billion sent back to the American taxpayers and consumers or don't you? So it's this, if you actually care about the average American, it would be mental to take away the cop on Wall Street. And that's what this is. So by the way, guys, look at this pattern now. They took away 50 guys agents at the SEC working on cyber security. They took away agents working on cybersecurity at the FBI.

And now they're trying to close down the Consumer Financial Protection Bureau that regulates fintech. So they're trying to fire every cop that could be on that beat. This is defund the police on steroids, but for white collar crime. And so there's no justification for it. That's why they do these flares. So look, let's talk about Mago for a second. Wang John, one of our members wrote him, if shutting down the CFPB won't convince Trump supporters of the administration is only here to screw everyone over. I don't know what will.

So first of all, be a member, be a part of the show, t.com slash join. And so, but I want to address that. Wong, you have to understand, everybody doesn't consume the same news, the same media. So they will get totally different points of view. So if you watch mainstream media, you won't be able to dial the Consumer Financial Protection Bureau is an amazing body that actually does great work. One of the very, very rare things in the government that actually does work for us and is successful. You'll hear a lot of, well, some say this and some say that and they don't really like the CFPB as well either. So they're like, oh, well, you know, it was pushed by Elizabeth Warren, blah, blah, blah, right?

If you watch right wing media, they'll say absurd things like that tweet that Anna read you. It's woke. Yeah, what does that even mean? It's not an argument. Look, guys, now if you're MAGA and you hear something is woke, understand that half the time they're using that word to try to trick you to help the bankers and billionaires, et cetera. It's a giant distraction. And then they say, oh, the elites wanted the CFPB.

What? The elites hate the CFPB. Yeah, let me give you, let me, this little graphic five, this is so true. This is why you had Mark Andresen on Joe Rogan's show. going after the CFPB. The Consumer Bureau became one of Wall Street's most feared regulators. Because guess what? Look, now I'm gonna upset the left, but it's okay, you can be upset with me.

I agree with MAGA on a lot of what they have to say about waste in our federal government. Sorry, I do think there's too much bureaucracy, and I think that bureaucracy oftentimes stands in the way of accomplishing policies that we want accomplished. I'm just gonna say it, that's why my hair wasn't on fire about the US AID I do think there are good programs within that government agency, but there are countless examples of waste. The CFPB though, I don't want anyone touching it because it's literally the most important government agency looking out for Americans to ensure that they are not defrauded by Wall

Street bankers and payday lenders. There's such an enormous robbery headed our way. This is bad, guys. There's no way you fire all those cops at all those agencies or move them and try to shut down the best agency regulating Wall Street unless you're planning a massive robbery. It's going to make, as Trump was, he's going to make your head spin. You're not going to believe it. No, it's, it's going to be enormous. They had just finalized a rule. The CFPB had just finalized a rule capping overdraft fees at $5.

Okay, that's the kind of work the CFPB is doing. So explain to me how that's woke and we need to get rid of it. I'll give you another one, Wells Fargo. Wells Fargo is overcharging their consumers on purpose, they're lying to their own clients that it trusted them and put their money in the bank. CFPB catches them, makes them give back billions to their consumers. Wells Fargo was just literally going to steal that money from their own deposit holders. And that organization caught him. Now they won't be able to catch them, and that's the whole point. And by the way, now that everybody on Wall Street knows that the cops have left the building, Oh, they're going to rob you left, right.

There's a giant robbery coming. I don't know what it is, but there's no question about it. And that was going to be a couple of trillion dollars. I know that sounds like a giant number. There's no way. Come on, really. Okay, hear me now, quote me later. A couple of trillion dollars they're going to steal.

But meanwhile, though, now green light for all the banks. Oh, do every robbery you can. Overcharge fees, this fee, that fee, the other fee. Doesn't matter if they signed up for it. There's no rules left. The bankers are in charge. Yeah, and by the way, like here's a few other examples, because I think it's important for people to understand the kind of work this agency does. I know the media doesn't cover it often, and that's why I think a lot of people might be tricked into thinking it's a good idea to dismantle the CFPB.

But the agency recently adopted rules to eliminate medical debt from credit reports and limit most credit card late fees to $8 or less per month, but lawsuits have delayed those rules from taking effect. But it gives you a sense of what their priorities are, what their objectives are at this government agency. Now, all of this is happening as President Donald Trump literally just removed the director of government ethics, a gentleman by the name of David Hottema. If you're wondering, well, what does he do? Like, what was his role? Okay, he was nominated by the Biden administration and confirmed by the Senate on November 14th to serve a five-year term. the whole purpose, the whole purpose here of the director of government ethics is to ensure

that there aren't financial conflicts of interest among government officials as they are carrying out their duties. Well, when you think about it, I mean, right now, people like Elon Musk, he's got massive conflicts of interest. Because while he's working on Doge, he's got his own private businesses that he's worried about, thinking about. And so he's using his position of power within the Trump administration. I know it's unofficial, but it doesn't matter. He's using that to chop up all sorts of government agencies that would be doing oversight of his own businesses.

That's an issue. It's a giant issue. Now we're going into the Pentagon, I love that. So now Hegseth, Elon Musk, Donald Trump are all on the record saying that they want to cut a couple hundred billion dollars. If they deliver on that, I'll turn around and give them credit for that, right? So you have to judge each thing on its own. But meanwhile, does he have a conflict of interest in relationship to the Pentagon?

Of course he does. Elon Musk has $3 billion in government contracts from the Defense Department. Right. And then does he have a conflict of interest at the CFPB? Yes. There's an issue with one of Elon's companies in Visa that Consumer Financial Protection Bureau was looking into it. Well, they won't be looking into it anymore. By the way, who's making these decisions?

the Office of Management and Budget. Who's the head of that, Russell Vaught. Who's Russell Vaught? He's the author of Project 2025, which wasn't supposed to be implemented. Trump said, oh, I don't know anything about that. Hey, look at that. It turns out he did know something about Russell Vaught.

And here he is now making these decisions. So they asked him, you're about to get $716 million. That's their budget for next year. He said, no, I don't want it. It's excessive. They said, okay, so what's not excessive? What do you want instead? He said, oh, I have a good number for you guys.

Zero. Meaning I don't want to shut this department down. No more investigations into predatory behavior by banks and financial institutions. That's what that means, okay? And if you're wondering, okay, well, what's what are Democrats doing to fight back? Like, what happens next? Well, there are unions representing some of these government workers. And so the union that represents employees at the CFPB has filed some lawsuits. It is known as the national Treasury Employees Union, granting Musk's team access to employee records violated the Privacy Act, the 1974 law regulating how the government handles individuals personal information, the union said in its complaint, which was filed in federal court in Washington. The union also filed

a second lawsuit against the acting director, meaning Russell, vote, over his efforts to freeze the agency's work. Votes orders illegally infringe, the union said, on Congress. authority to set and fund the missions of the Consumer Bureau. Now, I don't know if that argument is going to hold up in court because Congress doesn't allocate the funding for the CFPB. The CFPB actually gets funded by the Federal Reserve. So we'll see how that plays out, but the reaction from congressional Democrats has been a giant steaming pile of garbage, basically.

Okay, they do not intend to fight back. wrote like a strongly worded letter. Not even to Russell Vaught. Prior to Russell Vaught, there was a notice put out by Scott Besant, who's the head of the treasury now, basically saying or ordering the CFPB staff to stop issuing rules and court filings against financial institutions. And Democrats wrote a letter saying we don't like that. Okay. Well, that'll get you. All right, so two things about that. Number one, the one person, of course, fighting back in a way that's aggressive and good is Elizabeth Warren. This agency was her idea in the first place.

And like Anna said, best idea she's ever had. And that's one of the reasons why I was super open to her all throughout because she did. She was, she made Barack Obama open up this agency. And the reason I'm giving you that context is because that's why the Democrats are only half fighting back now. Because they got strong armed by Elizabeth Warren and a couple other progressives to do this thing that they didn't really want to do anyway because they have the same Wall Street banker donors. Obama had, his top donors in 2008 were the banking industry, the financial industry. So that's why the Democrats were like, oh, you're getting rid of the thing that holds our donors

accountable, golly, gee, I will write you a letter. But Elizabeth Warren's fighting back as best as she can. But we always like to be constructive here, so how would I fight back? First of all, I get everybody on TV. I don't know what they're doing sitting on their ass. Go on, go on podcasts, go on television, go on CNN. It's not like they won't have you on and make a case. Well, what's the case you could make?

Like two things here that I would do. First of all, I'd keep hammering home, defund the police on Wall Street. This is defund the police on Wall Street. So there's no, and it's true, there's no question about it, right? And then that would get into a debate. Is this really defunding the police for Wall Street? And that's a debate you want you, God, they're so, so terrible at messaging. And then the second thing is, I'd talk about the Wells Fargo situation.

And I'd talk about how they did that robbery. And now Wells Fargo can go back to doing that same exact robbery because there'll be no cops on the beat. And so can JP Morgan Chase, and so can Bank of America. They could all rob you now because they defunded the police on Wall Street. Imagine if that was all over the Sunday shows. Right now, we'd all be talking about that. Instead, nearly nothing because the Democrats are totally pathetic when it comes to fighting back. All right, when we come back, we'll talk a little bit about what Republicans and Congress are planning to do in order to pay for Donald Trump's massive tax cuts for corporations. He wants to lower the tax rate from 21% to 15% for corporations. And so on the

chopping block are things like, you know, the child tax credit. We've got that and more coming up. Don't miss it. All right on TYT, Jankanaana with you guys, a lot more news ahead. Let's do it. Well, let's talk a little bit about what could be in store for the American people in regard to pay for us. for Donald Trump's tax cuts for corporations? Well, I think one of the things you can do is make it bigger per child. I think we'd love to see it at a higher dollar value. And again, President Trump and I have proposed that.

I mean, look, I'd love to see a child tax credit that's $5,000 per child. But you, of course, have to work with Congress to see how possible and viable that is. We need to reward the things that we think are good and punish the things that we think are bad. If you're making $100,000, $400,000 a year and you've got three kids, you should pay a different lower tax rate than if you're making the same amount of money, and you don't have any kids. It's that simple. I will protect and expand the child tax credit.

They're coming for the child tax credit, and they're doing so in order to implement more tax cuts for corporations. Now, to be fair to Trump and Vance, we're going to wait and see how they react to what congressional Republicans are proposing. But we have some insight into what they want to do to ordinary Americans. Americans in order to justify massive tax cuts for corporations. Trump wants to lower the corporate tax rate from 21% to 15%. And he wants to extend the tax cuts for personal income taxes,

most of which do benefit the rich, but some working class people got a little bit of a tax break as well. So what are they looking to do away with in terms of cutting some of the deductions that ordinary Americans get to benefit from in order to increase deductions for corporations. Well, let's get to those details. According to ProPublica, Republicans are internally working on proposals to pay for these tax cuts so the wealthiest among us can enjoy the tax cuts while single parents and poor families pay even more. And I'm not even kidding, this is literally what they're thinking about doing. So first up, ending tax breaks for people raising kids on their own. The provision would eliminate the head of household filing status to

collect almost 200 billion more dollars in taxes over a decade from single parents and other adults caring for dependence on their own. The head of household status was created in the 1950s under the rationale that single parents should have a lighter tax burden, eliminating it would affect millions of Americans, obviously largely women. By the way, I should note that the 2017 tax cuts that Donald Trump implemented cost $2 trillion. So they're looking to save $200 billion by doing away with the child tax credit for single moms. These tax cuts are likely to cost over $4 trillion, the new ones. So guys, the child tax credit was one of the most popular programs under Joe Biden.

He did it for the first year. And in fact, there's a good theory that his numbers dropped after they took away the child tax credit because it was so popular and it worked so well. And it eliminated nearly half of child poverty in America, just that one bill. It was a stunningly effective portion of a bill, maybe one of the most effective in our lifetimes. So obviously both sides decided, no, we've got to take it away right away, right away. That doesn't help corporations at all. It helps real Americans. Now, mainly the Republicans, but the Democrats were in charge. And of course, they didn't fight back. They happily gave it away in negotiations with who, with Mansion and Cinema,

not even with the Republicans, right? So this is a giant scam. So, but now Trump has learned nothing from it because Trump thinks, and this is the main question, Trump thinks there's no end to how much my voters are suckers. I'll, you know, sacrifice programs that go straight to them and are super popular so I can do another $4 trillion of tax cuts for my buddies. that actually gave me all my money for the campaign and are greasing me in 8,000 other ways through my media company on the stock market, my meme coins, all the different scams that I'm running. So we're gonna find out if independents find out, if MAGA finds out at some point that they're getting robbed. I mean, they're going to see it. They're going to see it when

they file their taxes. And they're like, oh, wow, I'm paying more in taxes. And I'm a low income earner. middle class earner, it doesn't matter, you're gonna get that child tax credit ripped away from you if congressional Republicans managed to pass this legislation and Donald Trump signs it into law. There's more. So who else would this impact the most? The working and middle class, according to the tax foundation, the after tax pay of people with incomes between the 20th and 80th percentiles, those making between $14,000 and $100,000 a year, would fall by the highest percentage, okay? Your take home pay is going to drop significantly so these corporations can save on their taxes. So their corporate tax rate can go from 21% to 15% by the way.

Let's not forget that they get to take advantage of all sorts of sweet little deductions, corporate tax loopholes. So their effective tax rate will likely lead to them getting a refund from the federal government. Okay, literally. The numbers Anna just read you. That is the very heart of the American middle class. So your taxes are going to go up. Yep. And the taxes for the super rich and for corporations are going to go down. So now I'm curious which right wing media lies to you and pretends that the tax cuts are for the average guy as it gets funneled to the rich?

The ones with the millionaire hosts. For sure, is it going to be all of them? Is it going to only be some of them? I don't know, is the internet now open enough that people are checking out other shows, so they actually get real information? Because I know they stopped believing in mainstream media a long time ago, and I get it because mainstream media burned every piece of trust they had by defending these corrupt politicians nonstop.

But I'm so curious to see, on Gaza I have some hope. On this, I have less hope. Is Maga one day going to wake up and go, oh, Trump is also a politician. And I don't even know if, honestly, Jank, so I hear what you're saying because I do think that there are a lot of people who voted for Trump, part of Trump's base, who would hate this. And they might actually protest it aggressively. I don't know if Trump cares.

At this point, it appears that he's gung ho on increasing his own, you know, financial opportunities, lowering his own taxes. You think what he's trying to do in Gaza isn't something that's going to lead to a financial benefit for himself? Yeah, no, I hear you. And but that's the thing in Gaza is so fanciful. He, that moron thinks you're going to ethnically cleanse two million people, but they're not going to object at all. It's not going to create any conflict. And that is, he's such a sucker, does he believe that Netanyahu's really going to give the Gaza to us so that Trump can build on it? Maybe they'll give Trump and Kushner some portion

of the real estate and he'll get rich that way. So guys, bottom line is, I can see Anna's right. I can see MAGA getting upset and maybe moving our position on Gaza because we're directing so much money to a foreign government and that affects America first. On this, you're right, even if they notice and they get angry, you will not be able to stop this. Because what's the one piece of major legislation that Trump passed last time around? Tax cuts for the rich incorporation.

Yeah. So he's, and I told you, in the lead up to the election a million times, it's, if you elect Trump, a couple of trillion, this is not the robbery. There's a different robbery happening, but a couple of trillion dollars at a bare money, now at least four trillion, are going to go to the very richest people in the country, and it's going to come out of your pocket. So this train is unstoppable. And remember, almost everyone in Congress actually secretly loves this robbery. Absolutely.

Okay. I don't believe for a second that the majority of Democrats are against this. I'm just keeping it real. Currently, parents get a tax credit of up to $2,100 for child expenses. The House Republican plan floats the elimination of that break entirely. The cut is estimated to save $55 billion over a decade. So we're gonna force you to have kids if you accidentally get pregnant. We're really worried about the birth rate.

Also, we're not even going to help you in terms of a tax benefit if you do decide to have children. I mean, it's just, it's amazing. And that that is interesting because literally last week, Vice President J.D. Vance said the following. It is the task of our government to make it easier for young moms and dads to afford to have kids. Now, J.D. Vance didn't propose this. This is congressional Republicans, but I'm not hearing protests from J.D. Vance, And I'm certainly not hearing any protests from Donald Trump. So we'll see if he signs these types of, you know, policies into law. But just a few more details about what we know so far. So they're also planning on cutting funding to Medicaid.

Medicaid is, you know, a statewide health care program for low income people so they can, you know, access health care. And so according to an analysis by KFF, the deep cuts to the program flow to, in the document include slashing reimbursements to the states. States would need to raise new revenues to reduce Medicaid spending by eliminating coverage for some people covering fewer services and or cutting rates paid to physicians, hospitals, and nursing homes. So get a load of this. We pay our taxes, right? Taxes go to the federal government and then the federal government as part of the Medicaid expansion under the Affordable Care Act provides

additional funding to the states that was originally money that we paid to the federal government in order for them to expand their Medicaid services so people who can't afford health care have some coverage. Do you guys understand what's happening here? So we're paying more and more in taxes, ordinary working class Americans, and we're getting less and less in services based on the way congressional Republicans are drawing up this legislation. And that infuriates me. Beyond words, okay, beyond words. So meanwhile, for the ultra wealthy, the document floats eliminating the federal estate tax at an estimated cost of $370 billion in revenue for the government over a decade.

The tax, which charges a percentage of the value of a person's fortune after they die, kicks in only for estates worth more than around $14 million. So 55 billion from the people who need it the most, and that's theoretically paying for the 370 billion for the ultra wealthy. So taking their way the 55 billion, they know isn't going to pay for it anyway. It's just a way to punch the middle class of the mouth and the poor so that they could say, oh, you see that they were cheating. And some of them would guarantee, they're a woke thing at Medicaid. And they, oh, these, they were bombs and we're saving you a lot of money. We're saving.

That's why doing the estate tax deduction for the, like, the richest people in the world. And don't worry about it. Don't worry about it. We did the Medicaid deduction. And we took it away from your babies, the child tax credit. We took away from the middle class. So it's okay. No, no, it doesn't come close to paying for it.

That's why the deficit, the debt went up by $8.4 trillion dollars last time Trump was in office. I mean, an unbelievable number added 40% of the national debt in just four years. And he's going to do it again, and almost none of it is going to go to you. It's going to go to the very richest people in the country. So if you hated the establishment, this is the establishment on steroids. This is the elites on steroids. None of this is remotely populist. When we come back from the break, we'll talk a little bit about, hmm, oh, that's right,

The federal judges have now started to step in on some of the actions taken by the Trump administration. We'll talk about what's happening in the treasury. A federal judge's ruling on Elon Musk's access to the treasury and more. Don't miss it. We'll be right back.